What is the present value of $850 per year for 6 years if the required return is
Question:
What is the present value of $850 per year for 6 years if the required return is 11 percent (answer using Table B9-2 in Appendix B).
Table B9-2
Transcribed Image Text:
Present value of an annuity of $1 per period 7% 8% 14% 15% 6% 9% 10% 11% 12% 13% 16% 20% 30% 0.7692 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 0.8772 0.8696 0.8621 0.8333 1.8334 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 1.6467 1.6257 1.6052 1.5278 1.3609 1.8080 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 2.3216 2.2832 2.2459 2.1065 1.8161 3.4651 3.3872 3.3121 2.9745 4 3.2397 3.1699 3.1024 3.0373 2.9137 2.8550 2.7982 2.5887 2.1662 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 3.5172 3.4331 3.3522 3.2743 2.9906 2.4356 6. 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 3.8887 3.7845 3.6847 3.3255 2.6427 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 4.4226 4.2883 4.1604 4.0386 3.6046 2.8021 6.2098 5.9713 5.7466 5.5348 5.3349 5.1461 4.9676 4.7988 4.6389 4.4873 4.3436 3.8372 2.9247 6.8017 6.5152 6.2469 5.9952 5.7590 5.5370 5.3282 5.1317 4.9464 4.7716 4.6065 4.0310 3.0190 7.3601 10 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 5.2161 5.0188 4.8332 4.1925 3.0915 6.4951 3.1473 11 7.8869 7.4987 7.1390 6.8052 6.2065 5.9377 5.6869 5.4527 5.2337 5.0286 4.3271 12 8.3838 7.9427 7.5361 7.1607 6.8137 6.4924 6.1944 5.9176 5.6603 5.4206 5.1971 4.4392 3.1903 4.5327 3.2233 13 8.8527 8.3577 7.9038 7.4869 7.1034 6.7499 6.4235 6.1218 5.8424 5.5831 5.3423 14 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 6.3025 6.0021 5.7245 5.4675 4.6106 3.2487 8.5595 8.0607 7.6061 7.1909 6.8109 6.4624 15 9.7122 9.1079 6.1422 5.8474 5.5755 4.6755 3.2682 16 10.1059 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 6.6039 6.2651 5.9542 5.6685 4.7296 3.2832 17 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 6.3729 6.0472 5.7487 4.7746 3.2948 4.8122 18 10.8276 10.0591 9.3719 8.7556 8.2014 7.7016 7.2497 6.8399 6.4674 6.1280 5.8178 3.3037 19 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 6.5504 6.1982 5.8775 4.8435 3.3105 20 11.4699 10.5940 9.8181 9.1285 8.5136 7.9633 7.4694 7.0248 6.6231 6.2593 5.9288 4.8696 3.3158
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
850 42305 359593 What is the present value of 850 per year for six years if the required return is 1...View the full answer
Answered By
Riyas MK
Hi… I’ve been working as an Accounts and Audit Executive for the last 6 years in a leading firm of Chartered Accountants in South India. Area of specialization includes Accounts, Finance, Taxation, Audit Planning and Reporting. I’ve done my Graduation (B Com – in Accounts & Finance) and Qualified CA-Intermediate & currently in CA-Final under the Institute of Chartered Accountants of India (ICAI).
I have worked with many Book Keepers, Accountants and Taxation firms during the period of my carrier which helped me to gain a very good experience and knowledge on different aspect of Accounts and Finance.
I Can offer you the following services;
- General Accounting and Bookkeeping works.
-Preparation of financial statements (Balance sheet, Profit & Loss account and Cash Flow Statement) of the various organizations.
-Preparation of Provisional, Estimated and Projected Financial Statements.
-Reconciliation statements.
-Preparation of Accounts and Finalization of Financial Statements of Companies, Firms and Individuals.
-Account Receivable and Accounts Payable management.
-Preparation of year end adjusting journal entries.
-Preparation of Cash Flow Statement and Monthly Financial Reports.
-Proficient in using of accounting software - Tally ERP-9 and MS Office (MS Word, MS Excel).
-Hands on experience in reviewing and scrutinizing Balance Sheet and Profit and Loss account and general ledger at unit level and ensuring integrity of all the reported financial statements.
I’m ready to help with your project...!!!!
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the present value of $ 5,000 per year, at a discount rate of 6 percent, if the first payment is received 6 years from now and the last payment is received 25 years from now?
-
What is the present value of annuity of $950 per year for 18 years (with the first payment to be made today and the last payment to be made 17 years from today) give an interest rate of 7.5% per Anum?
-
What is the present value of a perpetuity of $100 per year if the appropriate discount rate is 7 percent? If interest rates in general were to double and the appropriate discount rate rose to 14...
-
In Pissarides's view of labor markets (job matching model), the focus is on finding a good ________. a. level of TFP (A) b. supply of money (M). c. match d. Wage
-
Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. On July 1, Roley purchased $60,000 of inventory, terms 2/10, n/30, FOB shipping point....
-
The trial balance of the Jason Company Ltd. shown below does not balance. Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. 1. The...
-
Describe how wrongful birth, wrongful life, and wrongful conception differ.
-
The following data were adapted from a recent income statement of Procter & Gamble Company: (in millions) Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
For example, if you have two objects, one with weight 5 and one with weight 7, you can measure items of weight 5, 7, or 12. You can also measure items of weight 2, by placing 7 on one side and 5 on...
-
Jason is a single taxpayer who operates a business. In January, 2019 he purchased and placed into service $200,000 of 5-year class property and $300,000 of 7-year class property. Provide your...
-
Galloway University Medical Center (GUMC) has a toprated medical facility that draws patients from a threestate area. On the day of discharge from the GUMC hospital, most patients fill their...
-
National Cruise Line is considering the acquisition of a new ship that will cost $200,000,000. In this regard, the president of the company asked the CFO to analyze cash flows associated with...
-
Why does price equal marginal revenue for the purely competitive firm? What is the relationship to the demand curve for the firm?
-
Repeat Exercise R15.10 , using the removeIf method. (Read the description in the API of the Collection interface.) Use a lambda expression (see Special Topic 10.4). Data from exercise R15.10 You are...
-
Write a program with a graphical interface that allows the user to convert an amount of money between U.S. dollars (USD), euros (EUR), and British pounds (GBP). The user interface should have the...
-
Read all words from a file and add them to a map whose keys are word lengths and whose values are comma-separated strings of words of the same length. Then print out those strings, in increasing...
-
Provide a static method that checks whether a generic array list is a palindrome; that is, whether the values at index i and n - 1 - i are equal to each other, where n is the size of the array list.
-
Suppose an array list implementation were to add ten elements at each reallocation instead of doubling the capacity. Show that the addLast operation no longer has amortized constant time.
-
An article on marketwatch.com stated, While the fizzy soda drinks companies have experienced an annual volume sales decline since 2003, bottled water grew every year over the last two decades, except...
-
Define deferred revenue. Why is it a liability?
-
Below are line items included in recent statements of cash flows prepared by a national retailer. For some items, the direction of the change in the account is also indicated. 1. Accounts payable,...
-
The following financial statements were furnished by Patton Company: Patton Company Income Statement For the Year Ended November 30, 2011 Sales .................$40,700 Less cost of goods sold...
-
Following is an income statement for Claims Corporation for the year ended December 31, 2011, and a schedule listing the companys current assets and current liabilities at the end of 2010 and 2011....
-
A complex pair of eigenvalues are shown on the s-plane below. For this pair of eigenvalues, Wn ? W = ? damping ratio = ? time constant = ? X 2 -1 0 X -2 If r(t) is a step with magnitude 10, Use...
-
F m J, r Motor k = k T b R www C
-
Consider the system U(s)G(s) 20 Y(s) with transfer function G(s) = . . Let u(t) and y(t) be the s+2s+10 inverse Laplace transform of U(s) and Y(s), respectively. (2a) Find the differential equation...
Study smarter with the SolutionInn App